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GBP/USD Overview. Week Preview. Bailey's Speech and Trump's Memorandum
The GBP/USD currency pair unexpectedly rose
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The GBP/USD currency pair unexpectedly rose by 100 pips over the past week, even though most macroeconomic data were disappointing for the British pound. Noteworthy were the reports on unemployment and inflation, which fueled the primary pessimism regarding the pound's prospects. However, strangely enough, the British currency not only held its ground but even gained ground. This can be explained simply. The week prior, the pound lost about 300 pips, and we believe the market had already factored in the
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Paolo Greco,
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